CVA Family Office LLC Has $930,000 Stock Position in Solid Power, Inc. $SLDP

CVA Family Office LLC lowered its stake in shares of Solid Power, Inc. (NASDAQ:SLDP) by 49.3% during the third quarter, HoldingsChannel reports. The fund owned 268,079 shares of the company’s stock after selling 261,000 shares during the quarter. CVA Family Office LLC’s holdings in Solid Power were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Creative Planning bought a new position in shares of Solid Power during the 2nd quarter worth about $26,000. American Century Companies Inc. acquired a new stake in Solid Power during the second quarter worth about $27,000. Corient Private Wealth LLC bought a new position in Solid Power during the second quarter valued at about $31,000. Brown Advisory Inc. bought a new stake in shares of Solid Power during the second quarter valued at approximately $33,000. Finally, Fisher Asset Management LLC bought a new stake in shares of Solid Power during the second quarter valued at approximately $35,000. 33.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Erik J. Anderson sold 30,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $5.20, for a total transaction of $156,000.00. Following the completion of the sale, the director directly owned 157,617 shares of the company’s stock, valued at $819,608.40. This trade represents a 15.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $7.00 target price on shares of Solid Power in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Solid Power in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Solid Power from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.00.

Solid Power Stock Performance

SLDP opened at $5.26 on Thursday. Solid Power, Inc. has a twelve month low of $0.68 and a twelve month high of $8.86. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -9.92 and a beta of 1.89. The firm’s 50-day simple moving average is $5.07 and its 200-day simple moving average is $4.76.

Solid Power (NASDAQ:SLDP) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.03. The firm had revenue of $4.56 million for the quarter, compared to analysts’ expectations of $3.50 million. Solid Power had a negative net margin of 429.55% and a negative return on equity of 24.88%.

Solid Power Profile

Solid Power, Inc (NASDAQ: SLDP) is a Colorado-based company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for the electric vehicle (EV) and aerospace industries. Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power has focused on advancing solid electrolytes and high-energy battery architectures to deliver improved safety, higher energy density and longer cycle life compared with traditional lithium-ion batteries.

The company’s core offerings include multilayer solid-state battery cells that utilize sulfide-based solid electrolytes and high-capacity cathode materials.